Columbus McKinnon reports preliminary fiscal Q3 net sales of $260M

Columbus McKinnon Corporation (NASDAQ:CMCO) issued preliminary results for its fiscal third quarter on Wednesday, pairing a solid earnings outlook with a major strategic pivot.

The Buffalo-based manufacturer announced it will sell its U.S. power chain hoist and chain operations for $210 million to Pacific Avenue Capital Partners, a "carve-out" move designed to clear the path for its pending acquisition of Kito Crosby.

For the quarter ended December 31, 2025, the company expects net sales of $250 million to $260 million, comfortably exceeding the analyst consensus of $241.6 million.

Adjusted earnings per share (EPS) are projected to range from $0.58 to $0.63, also trending above the $0.57 Wall Street estimate.

The preliminary report comes as the company formally updated its adjusted EBITDA definition to include an "add-back" for stock-based compensation, a shift intended to align its reporting with industry peers.

The divestiture of the Damascus, Virginia, and Lexington, Tennessee, facilities is a critical tactical step.

By shedding these domestic power hoist lines, Columbus McKinnon aims to resolve potential antitrust redundancies that have delayed its merger with Kito Crosby.

Net proceeds of approximately $160 million from the sale will be used to pay down debt associated with the Kito Crosby deal, which is now expected to close by the end of March 2026.